Inventux Technologies AG is a solar energy company which launched Europe's first time ever full-scale production for micromorph thin-film modules last December.The company are specialised in the development, production and marketing of environmentally friendly, silicon-based thin-film solar modules.
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Expert Collections containing Inventux
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Inventux is included in 2 Expert Collections, including Renewable Energy.
This collection contains upstream and downstream solar companies, as well as those who manufacture and sell products that are powered by solar technology.
Semiconductors, Chips, and Advanced Electronics
Companies in this collection develop everything from microprocessors to flash memory, integrated circuits specifically for quantum computing and artificial intelligence to OLED for displays, massive production fabs to circuit design firms, and everything in between.
Latest Inventux News
Oct 29, 2012
“If you are not going to be the consolidator, you should consider an exit.” by Herman K. Trabish “If you are not going to be the consolidator, you should consider an exit.” by Herman K. Trabish 0 Lincoln International’s Frankfurt office engineered the acquisition of German micromorph thin film manufacturer and solar developer Inventux Technologies AG by the Argentinian-Chilean Consortium Covema SACIS in August 2012. Chicago-based Chaim Lubin, a VP in Lincoln’s Renewables group, did preliminary work on the deal in early 2012. “What Lincoln does, on a global basis, is advise companies on mergers and acquisitions ,” Lubin explained. “We help companies buy or sell . Most of our activity is on the sell side. We advise companies, shareholders or private investors on running a global sale process.” Covema, a construction consortium, will maintain the Inventux 35-plus-megawatt production capacity in Germany for its module supply and use its own solar engineering, procurement and construction (EPC) experience to develop solar projects in South America. “The South American market is expected to grow. Covema sees this as a play to have its own technology. Inventux was trying to grow its demand.” Though the Inventux deal took longer, a typical acquisition is a six-month process, Lubin said. “But that is market-driven. When silicon PV was more expensive, thin film was a more attractive offering. Now that it has come down, the Inventux sale took longer.” The price on the Inventux sale was undisclosed, as are most prices in acquisitions involving parties that are not public. “It is very rare that we are able to talk about valuation,” Lubin said. “Our clients value confidentiality.” Referring to the current solar industry consolidation , which GTM Research has forecast could see 180 companies absorbed or bankrupt by 2015, Lubin said, “it is pure economics, especially in the panel space. There are too many companies. It is a consolidation that needs to happen.” For years, he has told clients, “'If you are not going to be the consolidator -- the one who goes out and buys other companies -- you should consider an exit. Now we look like fortune-tellers. '” “From the data in the market,” he said, “valuations have come down. Where we are seeing opportunity is on the development end.” The development capabilities of First Solar (Nasdaq: FSLR ) and SunEdison , he agreed, are examples. “People recognize there is a real value in companies that are able to get a customer to want to buy solar and then take that project to completion . That is the model I am talking about. There are companies doing that, but they don’t think of themselves that way -- and they should.” Lubin thinks valuations in solar may be “bottoming out” because private investors are once again showing interest. “For 2013,” he said, “the winner of the election is going to largely determine in the near term what the space is going to look like.” He would, he said, “leave it up to the public to decide, based on what each candidate has said.” The key part of his job, Lubin said, “is the deal. The preparatory phase comes first. We spend a lot of time getting companies ready. But we’re not consultants. We’re not in the business of spending two years redeveloping a company to get it sold.” Lubin and his team make recommendations and help organize a company. They do factory walkthroughs, even suggesting things like cleaning up tools or posting evaluative metrics. “The larger piece of what we do,” he said, “is putting together the positioning, the story and the material we will use in the marketing.” They also may do “ a financial cleanup ” and then “some type of book or presentation that articulates why the company we are selling is valuable.” Next comes “a list of who we are going to approach,” Lubin said. “We base it on our industry knowledge, our connectivity within the industry investor universe, and the private equity universe.” As an international bank , Lincoln takes a global approach to deals. “Solar is a great example,” Lubin said, “because few industries are as global as solar .” The Spanish solar market is really challenging right now, he said, “but there are solar companies in Spain that may like the opportunity in the U.S.” Lincoln facilitates that type of deal-making worldwide, he said. “My colleagues in Madrid are the same to me as my colleague in the next office.” Each list of buyers is developed with the client. “Some clients want absolutely the highest price. Some are more interested in getting the right partner. And some want to get it done as fast as possible and don’t care about anything else.” When everything is ready, Lubin said, “You go out into the market. And a lot happens. A lot of my time then is spent on the phone. There is a lot of conversation with all the different parties.” He is always, he said, “trying to connect dots. I am trying to connect the interests of one party to the interests of another party.” Many companies don’t realize there are alternatives to an IPO, Lubin explained. “ Every company is different ,” Lubin said. “I spend a lot of time talking about whether a sale makes sense. I can’t tell you how many times I’ve dealt with solar companies and said, ‘No, this is not the right time.’ It doesn’t do me any good to take a company out into the market if they’re not ready. Our success is based on getting things completed, not on just getting out there.”
Inventux Frequently Asked Questions (FAQ)
When was Inventux founded?
Inventux was founded in 2007.
What is Inventux's latest funding round?
Inventux's latest funding round is Other Investors.
Who are the investors of Inventux?
Investors of Inventux include Capital Stage and Conetwork Erneuerbare Energien Management.
Who are Inventux's competitors?
Competitors of Inventux include Nxedge, Heliatek, Xunlight Corporation, SoloPower, MiaSole and 9 more.
Compare Inventux to Competitors
Sulfurcell has been manufacturing and developing thin-film solar modules based on chalcopyrite-type semiconductors (CIS/CIGSe) since 2003. As an industrial company in Berlin the company's origin is at the Hahn-Meitner-Institut, Europe's largest research institute on thin-film photovoltaics.
Xunlight Corporation develops, manufactures, and markets lightweight and flexible photovoltaic modules that convert sunlight into electricity.
Global Solar Energy, started in 1996, is a producer of thin-film photovoltaic Copper Indium Gallium DiSelenide (CIGS) solar cells.
n a production facility located in Saxony-Anhalt, Germany, CSG Solar AG took up mass production of its CSG solar modules in a half of 2006. The company gets its name from its technology,rightarrow Crystalline Silicon on Glass, in which an extremely thin layer of silicon is deposited directly onto a glass sheet suitable for mounting outdoors. Capturing the excellent and proven performance of the market dominant silicon wafer-based products in a much thinner and cost-effective form, CSG modules represent a alternative, unconstrained by the limit imposed by silicon feed-stock availability.
Senergen Devices is building solar cells utilizing a process that aims to alter the economics of producing electricity from solar energy without sacrificing the proven reliability of silicon.
DayStar Technologies is engaged in the development of thin film copper-indium-gallium-di-selenide solar photovoltaics, commonly known as CIGS solar cells, for the direct conversion of sunlight into electricity. Thin film photovoltaic CIGS have the greatest promise for reducing the cost of solar energy. Layers of the semiconductor are deposited along with other layers of material to form a cell that utilize the photovoltaic effect to enable the generation of solar electricity.
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